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State Council: Promote Expansion and Quality Upgrade of Services Sector; Target Total Scale to Reach RMB100 Trillion Within Five Years
The State Council recently issued the "Opinions on Promoting the Expansion and Quality Upgrade of the Services Sector", calling for in-depth implementation of initiatives to expand...
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State Council: Promote Expansion and Quality Upgrade of Services Sector; Target Total Scale to Reach RMB100 Trillion Within Five Years
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The State Council recently issued the "Opinions on Promoting the Expansion and Quality Upgrade of the Services Sector", calling for in-depth implementation of initiatives to expand capacity and enhance quality in the services industry. The policy aims to advance producer services toward greater specialization and higher value chain segments, while promoting high-quality, diversified and convenient development of consumer services. By 2030, the total scale of the services sector is targeted to reach RMB100 trillion, fostering more "China Services" brands and significantly enhancing the global competitiveness and influence of the sector.

The document proposes strengthening the comprehensive competitiveness of modern logistics, accelerating innovative development in software and information services, enhancing professional service capabilities in supply chain finance, and actively developing energy-saving and environmental protection services. It also calls for increasing the supply of high-quality household services, improving the alignment of elderly care and childcare services, enhancing the professional capacity of healthcare services, and innovating service models in culture, tourism and sports.

Related NewsGDP Growth Rate QoQ for Q1 in China is 1.3%, higher than the previous value of 1.2%. The forecast was 1.3%.
In addition, the Opinions emphasize advancing the digital and intelligent transformation of the services sector, improving the integrated development of modern services with advanced manufacturing and modern agriculture, and steadily promoting opening-up and cooperation in the services industry.

The document further clarifies the need to refine policy frameworks supporting the expansion and quality upgrade of the services sector, deepen reform and innovation, enrich fiscal and financial policy tools, strengthen infrastructure support, expand high-quality service market entities, enhance talent development, and reinforce safety supervision. (ta/da)



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This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

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